By Aduragbemi Omiyale
Companies listed on the Nigerian Stock Exchange (NSE) will get wider media coverage as a result of the collaboration between the exchange and the Nigerian Television Authority (NTA).
NTA, a federal government-owned media organisation, has one of the largest television networks in Africa with stations and network centres in almost every part of the country.
On Wednesday, February 17, 2021, the Director-General of the NTA, Mr Yakubu Ibn Mohammed, was given the honour to officially bring trading activities on the NSE to an end by beating the digital closing gong.
At the event, it was announced that the NSE daily price information known as the Ticker Tape would be broadcast across the NTA network.
This, according to the chief executive of the exchange, Mr Oscar Onyema, would provide a platform for the listed companies “to meet their strategic business objectives.”
“The NTA runs the largest television network in Nigeria with stations and network centres in almost every part of the country.
“We are, therefore, pleased to launch the broadcast of the NSE Daily Ticker Tape across the NTA network.
“This is part of our strategy to widen our domestic investor coverage, especially to retail domestic players who accounted for about 30% of equity transactions valued at N619 billion in 2020,” Mr Onyema said.
In his remarks, the NTA boss commended the NSE for the “honour given to me to participate in the NSE’s digital closing gong ceremony.”
“It is noteworthy that the NTA has partnered with the capital market by providing uninterrupted dissemination of information to the public since the late 1980s.
“As the NSE supports listed companies through capital raising and investment, we have watched fortunes grow from 1961 till date.
“I would, therefore, like to congratulate the leadership of the exchange for positioning it as the investment destination of choice, and pledge NTA’s continued coverage and commitment to the success of the activities of the NSE,” Mr Ibn Mohammed further said.
